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he will continue to attract the deficit. he'll look at the tax reform which i think is very important, if you get any help from the republicans whatsoever which he got none of for the last two years we'll see real tax reforms and the implication of the tax codes and he'll get his jobs bill passed if the congress will cooperate which they haven't done for two years. >> tom stemberg, your reaction to howard's definition here and your agenda? larry, when you've been in office for four years, you shouldn't be evaluated on your plans. you should be evaluated on your performance, it's at best, d-minus and our jobs situation are running trillion dollar deficits and america's dollar and the stock price, if you will, is at an all-time low and that's not a good record. >> excuse me, our stock price is up tremendously since barack obama took office. wall street's done really well. the reason is corporate profits. >> our currency. >> our economy is recovering and the people know it. >> thank you very much. tom stemberg, ceo of staples.
he will continue to attract the deficit. he'll look at the tax reform which i think is very important, if you get any help from the republicans whatsoever which he got none of for the last two years we'll see real tax reforms and the implication of the tax codes and he'll get his jobs bill passed if the congress will cooperate which they haven't done for two years. >> tom stemberg, your reaction to howard's definition here and your agenda? larry, when you've been in office for four years,...
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budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. giov >> i think it's very hard to predict real estate prices now because the world is in such an unusual situation. there are so many ifs. and because we just recovered from the biggest housing bubble in u.s. history. so we're really in uncharted territory right now. >> reporter: shiller says one problem for the housing market is there is really no sense of urgency for potential home buyers to pull the trigger on a purchase. interest rates are expected to remain low for the foreseeable future and housing prices really aren't rising that much. diane eastabrook, "n.b.r.," chicago. >> susie: best buy is revving up its holiday retail strategy. the struggling electronics chain is taking its name to heart and taking aim a
budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. giov >> i think it's very hard to predict real estate prices now because the world is in such an unusual situation. there are so many ifs. and because we just...
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budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. >> susie: a new housing boom? >> susie: a new housing boom? a lot of talk and headlines about a recovery in housing. even consumers are feeling more confident as they see signs of a pick up in housing. next week we'll get more direction on where the nation's housing market is headed with the latest monthly numbers on new home construction and sales of existing homes. diane eastabrook reports. >> reporter: it looks like the housing market is finally emerging from its long funk. in august existing home sales increased nearly 8% to their highest level in more than two years. home construction is gaining steam along with builder confidence. and the standard and poors case shiller home price index which tracks home price
budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. >> susie: a new housing boom? >> susie: a new housing boom? a lot of talk and headlines about a recovery in housing. even consumers are feeling more confident...
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we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone would like to know the answers to these questions, but you have professional groups disagreeing about the economic impact of these things. so we don't really know. >> we have more clarity on the spending side where romney has said he wants to limit federal spending which would mean significant reductions in what the federal government does on a whole variety of fronts. even romney has said $500 billion a year in cuts by 2016. so that is a major difference that's out there. >> that's easier said than done as we know from covering congress for many years. >> and big bird is obvio
we have a trillion deficit. why are we reducing tax rates at all. let's use it to our deficit reduction rather than lowering rates at the top. >> you know this as i did. when biden kept talking about raising taxes for people making a million or more as opposed to $250,000. >> that's a chuck schumer idea as well coming from new york. >> but all this should tell us is that before people go to the voting boothss, they're not going to know the answers to these questions. everyone...
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deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36
deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think...
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get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are struggling, do not worry about college, i will pay for it. mitt romney does not tell these stories. it was not the cash, he gave his time and he has consistently. this is a man who gave 30% of its income to charity, more of the two of us combined. he is a good man. he cares about 100% of americans in the country. the vice president knows that sometimes the words did not come out of your mouth the right way. [laughter] >> i always say what i mean. >> we want everybody to succeed. we want to get everybody out of poverty. we believe an opportunity. that is what we're go
get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is a guide who i was talking to a family in massachusetts the other day. their kids of work hid in a car crash. two of them were paralyzed. they went to the same church. mitt asked if he could come over on christmas. he brought his boys and his wife and deaths. i know you are...
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i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way, though, is that romney has said that he would actually pay for this reduced revenue is by capping itemized deductions, but still so few specifics. i mean, he floated the idea of capping deductions at 17,000 and then floated the idea of capping them at 25,000 or 50,000. don't voters deserve to know and need to know what it is going to be at this point? >> i think he's going to have to give more specifics, certainly. a debate may not be the best platform to give specifics because the answers are supposed to be short and, frankly, randi, he was able to get away with not giving many
i will not put in place a deficit thdea tax that adds to the deficit. my plan is not to put in place any tax cut that will add to the deficit. >> we want to look at the facts here, again. mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes, but he hasn't said which or how many. so, the verdict here is simply incomplete. we just don't know. >> that was john burrman reporting there for us. one way,...
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the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being questioned in turkey. and the understanding is that they were somehow allegedly tied to the attack in libya. now, they were on the watch list that the u.s. compiled. that was given to the turks and the turks picked them up, apparently came into the country this week and the fbi is hoping they will have some type of access to them. >> questioned them already, but would like to have a chance to. >> right. >> there was also another development today in this investigation. this e-mail between the state department and the team benghazi surfaced. what do we know about that? >> well, this is part of, you kno
the federal deficit has hit $1.1 trillion now for fiscal 2012. this is the fourth year in a row. that won't help us, that's for sure. our fourth story, developing story, two suspects from tunisia are being questioned tonight in connection with the murders of chris stevens and three other americans. jill daugherty has been digging into the story and is with us tonight. >> well, on this particular incident, we don't know a whole lot of detail, but we know those two men, they are being...
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john boehner is rowlowering expectations saying the deficit deal probably won't happen when congress returns after the election. it's not called lame duck for nothing. but surprising absolutely no one, everyone will wait to see how who the president will be, who's sitting in the oval office. >> yeah. look, the only reason -- well, two reasons you think this whole fiscal mess gets solved in this period is, one, because they have rather large, looming deadlines like the markets wanted it to happen and tax rates will go up and defense cuts mitt romney thinks are intentional -- never mind. is other reason the such difficult decisions they want to blame it on the old congress. whoever is president, that will still will true. i say the deal gets done. if not the whole thing sh it's because people think if you go beyond the deadline. tax rates go up for a week or two they will get a better deal. who knows? >> if you want to get a vote out of people they are worried about casting to lose office and they have already lost. >> blame the other people. >> do you know where there is bipartisanshi
john boehner is rowlowering expectations saying the deficit deal probably won't happen when congress returns after the election. it's not called lame duck for nothing. but surprising absolutely no one, everyone will wait to see how who the president will be, who's sitting in the oval office. >> yeah. look, the only reason -- well, two reasons you think this whole fiscal mess gets solved in this period is, one, because they have rather large, looming deadlines like the markets wanted it to...
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Oct 14, 2012
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the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been building up for 12 years. i'll tell you exactly what i think can be done. i think we can bring it down by 50 percent in four years and grow the economy. now, i could get rid of it in four years in theory on the books now, but to do it, you'd have to raise taxes too much and cut benefits too much to people who need them. and it would even make the economy worse. mr. perot will tell you, for example, that the expert he hired to analyze his plan said that it will bring the deficit down in five years, but it will make unemployment bad for four more years. >> mr. pre
the deficit is my -- my question is about the deficit. would you define in specific dollar goals how much you would reduce the deficit in each of the four years of a clinton administration and then enter into a legally binding contract with the american people that if you did not achieve those goals, that you would not seek a second term? answer yes or no and then comment on your answer, please. >> no, and here's why. and i'll tell you exactly why. because the deficit now has been...
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romney's tax cuts will add $5 trillion to the tax cuts. >> if it's true it's not going to add to the deficit, that leaves only one option. that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest add to cut funding for pbs. >> big bird. big bird. he's focused on saving big bird. it's kind of a strange thing in my view because i'm focused on helping the american people get good jobs. >> reporter: sesame street asked the president to pull the big bird ad. >> twice in the six month lead up you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings for president obama romney's closing the gap. the latest poll, reuters has them tied, gallup has him up by 2 and q has them up by 4. >> reporter: we were talking about polls in the battleground state. it also looks like according to other polls that pennsylvania and michigan may no longer be safe bets for the president. lynn? >> trac
romney's tax cuts will add $5 trillion to the tax cuts. >> if it's true it's not going to add to the deficit, that leaves only one option. that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest add to cut funding for pbs. >> big bird. big bird. he's focused on saving big bird. it's kind of a strange thing in my view...
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government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on news the unemployment rate dropped to 7.8%. the dow gained, the s&p was flat, and a sell-off in apple dragged down the nasdaq. oil and gold staged dramatic pullbacks. today, platnum and gold producers will push to end a strike by south african workers over low wages. philip streible of rjo futures joins us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well r
government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on...
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and now we have half-a-trillion-dollar deficit annually. when george bush came into office, our debt, national debt was around $5 trillion. it's now over $10 trillion. we've almost doubled it. and so while it's true that nobody's completely innocent here, we have had over the last eight years the biggest increases in deficit spending and national debt in our history. and senator mccain voted for four out of five of those george bush budgets. so here's what i would do. i'm going to spend some money on the key issues that we've got to work on. you know, you may have seen your health care premiums go up. we've got to reform health care to help you and your budget. we are going to have to deal with energy because we can't keep on borrowing from the chinese and sending money to saudi arabia. we are mortgaging our children's future. we've got to have a different energy plan. we've got to invest in college affordability. so we're going to have to make some investments, but we've also got to make spending cuts. and what i've proposed, you'll hear s
and now we have half-a-trillion-dollar deficit annually. when george bush came into office, our debt, national debt was around $5 trillion. it's now over $10 trillion. we've almost doubled it. and so while it's true that nobody's completely innocent here, we have had over the last eight years the biggest increases in deficit spending and national debt in our history. and senator mccain voted for four out of five of those george bush budgets. so here's what i would do. i'm going to spend some...
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the deficit $207 billion less than last year. the congressional budget office estimates close to 7% of our nations gross domestic product. meanwhile, apple expected to unveil its mini ipad at an invitation-only event october 23 according to all things digital. days before microsoft unveiled a new surface tablet and operating system windows 8. there has been much speculation apple was planning a smaller, less expensive version of its popular ipad. lowe's stock on the rise after ubf confirmed that by rating. seeing a growing housing market in turn would help drive earnings higher. continuing our "countdown to the closing bell" with liz claman. liz: one day after its ipo, shares of one company workday are up big. when you look at a company that does these things and has a good product in a good service, that is all it takes. lauren: it is actually the biggest tech ipo since facebook went public back in may. workday having a fantastic day, surging 78% right now. a really pretty logo. just under $50, the software company, the market c
the deficit $207 billion less than last year. the congressional budget office estimates close to 7% of our nations gross domestic product. meanwhile, apple expected to unveil its mini ipad at an invitation-only event october 23 according to all things digital. days before microsoft unveiled a new surface tablet and operating system windows 8. there has been much speculation apple was planning a smaller, less expensive version of its popular ipad. lowe's stock on the rise after ubf confirmed...
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is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here they're going to be lowering these gas prices i love that the headline is that the i.m.f. downgrades forgot to say these are still far too rosy we just have a minute but no one nation that the i.m.f. upgraded with the u.s. and as you said you think the u.s. is in recession we talked about that before others i talk to you think a u.s. recession is baking a cake so what gives with i.m.f. . but related to roberta you ordered a little bit of rebirth so there you go late to every party but you are very much here for the party i really appreciate you being on the show and expounding upon all of this f
is actually the deficit even going up so they're not doing what they estimated they wanted the budget to be so. and we also have the fed cheerleading that just you know think about that for a second with the fed really be pressing congress this way if the economy was was a lot stronger so no there's economic weakness everywhere it shows up in the participation rate it shows up in the fed sure lading as easily joseph in bed panic which i think we talked about any i.m.f. is way off the mark here...
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that is a big problem but when you come to the question what are they willing to do to cut the deficit then for the republicans it's even worse they want to slash taxes for the rich and obama and the democrats want to raise taxes for the people who can really afford to pay a little bit more ok because of your last word before we go and before we go to the break or hand gentlemen. well the facts are that we don't know what obama would do a second term in the first term is very constrained to a large extent by getting elected in a second term and the other one people overlook is they see obama as a standard mainstream american that they grew up in hawaii in a very different culture we don't know what barack obama really expects that is quite possible that he's a populist on the scale ok gentlemen we have to go to a short break and after that shot break we'll continue our discussion on the us political system stay starting. and you can. see. wealthy british scientists are saying it's not time to time. markets finance scandals find out what's really happening to the global economy for our
that is a big problem but when you come to the question what are they willing to do to cut the deficit then for the republicans it's even worse they want to slash taxes for the rich and obama and the democrats want to raise taxes for the people who can really afford to pay a little bit more ok because of your last word before we go and before we go to the break or hand gentlemen. well the facts are that we don't know what obama would do a second term in the first term is very constrained to a...
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we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we cannot estimate speeches. that is what we get, speeches. we are not getting leadership. mitt romney is qualified to fix the problems. his lifetime of experience is, what do we have for a president? he broke his promise to bring people together to solve the biggest problems. i would tell him we do not have to settle for this. >> i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets the congressman has introduced have even serrated all of the things the middle-class has cared about. it will kick 200,000 children off
we have had four deficits. a debt crisis is coming. we cannot keep spending and borrowing like this. we cannot keep spending money we do not have. leaders fix problems. president obama has not put a credible plan on the table in any of his four years. i passed two budgets to deal with this. mitt romney has put suggestions out. we ask for a plan, they sent a press secretary. they give us a copy of the speech appeared be asked with the plan was to prevent a debt crisis. they said, a speech. we...
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and we're in yemen and all these places and this is at a staggering cost which is causing the budget deficit we have a national security budget without one going to rouge trillion dollars. taking over the entire program and mentioning everything i want to mention so let me go to christopher's so everything's constructed consensus is already constructed before people vote this is essentially what bruce is saying. i totally disagree with bruce and with nicholas i think there's a huge choice a huge difference in the outcome of this election if romney wins if the republicans win the white house they will also probably keep the majority in the house and wins a majority in the senate and if the republicans control all the important political positions the white house the senate and see house then you will see a huge difference america has a huge dept more than sixteen billion dollars that is more than one hundred percent of g.d.p. and the next four years will be about who pays for that and i can tell you it will be a huge difference was obama controls the white house or mitt romney controls the wh
and we're in yemen and all these places and this is at a staggering cost which is causing the budget deficit we have a national security budget without one going to rouge trillion dollars. taking over the entire program and mentioning everything i want to mention so let me go to christopher's so everything's constructed consensus is already constructed before people vote this is essentially what bruce is saying. i totally disagree with bruce and with nicholas i think there's a huge choice a...
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debate flop, they realize a new ad using big bird to sarcastically distort governor romney's approach to deficit reduction. >> one man has the guts to speak his name. >> big bird. >> it is me, big bird. >> big, yellow, a menace to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and funding to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the president's campaign ad, the nonprofit organization wrote quote, we have approved nong campaign add and as of our general practice, have requested that they be taken down, big bird joining the aarp, and a cincinnati deli owner and nbc's andrea mitchell on the list of people who' the obama campaign to just leave them out of the obama campaign, bad news piling up for the president, some of his most reliable brends hitting him hard, little bi politic coct small ball. and the silly obama campaign. and nbc news called ad absurd, their chief white house correspondent chuck todd said, quote, when can the obama campaign going to stop talking about
debate flop, they realize a new ad using big bird to sarcastically distort governor romney's approach to deficit reduction. >> one man has the guts to speak his name. >> big bird. >> it is me, big bird. >> big, yellow, a menace to our economy. lou: governor romney mentioning big bird in last week's debate as he proposed cuts and funding to the public broadcasting system among a whole bunch of other cuts, it has not stopped sesame workshop from objecting to the...
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by the time the century turns, we have got to have our deficit under control. we have to work out of so that surplus is building up so when the baby boomers like me retire, we're o.k. no. 3, on the pension funds, i don't know as much about it but i will say this. what i would do is to bring in the pension experts of the country, take a look at it and strengthen the pension requirements further because it's not just enough to have a guarantee. we had a guarantee on the s.& l.'s, right? we had a guarantee and what happened? you picked up a $500 billion bill because of the dumb way the federal government deregulated. so i think we are going to have to change and strengthen the pension requirements on private retirement plans. >> thank you. i think we have a question here on international affairs, hopefully. >> we' come to a position where we're in the new world order. and i'd like to know what the candidates feel our position is in this new world order and what our responsibilities are as a superpower. >> mr. president. >> well, we have come to that position since
by the time the century turns, we have got to have our deficit under control. we have to work out of so that surplus is building up so when the baby boomers like me retire, we're o.k. no. 3, on the pension funds, i don't know as much about it but i will say this. what i would do is to bring in the pension experts of the country, take a look at it and strengthen the pension requirements further because it's not just enough to have a guarantee. we had a guarantee on the s.& l.'s, right? we...
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, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that could shut down the transportation system, military networks, and military systems. secretary panetta's remarks came yesterday in new york city. >> frank, five words. you deserve to be here. [applause] ladies and gentlemen, it is now and high honor to introduce the most talented, versatile, and experienced leaders in american government, a man who serves our country by meeting the extraordinary challenges of our times. i am sure secretary of defense, leon panetta thinks on his days in the u.s. army intelligence where he received the army accommodation metal. he chaired the house budget committee before moving on to
, but it also will be mindful of the education deficit, also mindful of the infrastructure deficit and mindful of the competitive deficit, and we have to recognize there's many different kinds of deficits of which the financial deficit is only one. >> i think that's a fantastic ending for your talk today. thank you so much, larry. [applause] >> two presidential debates coming up. >> defense secretary says the u.s. space has the possibility of a close cyber pearl harbor that...
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we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's plan is, they say it is a speech. we can't estimate speeches. that is what we get with this administration. the speeches, but no leadership. mitt romney is uniquely qualified to fix these problems. and what do we have? the president broke his big promised to bring people together to solve the country's biggest problems. we don't have to settle for this. i hope i will get equal time. >> you will get a few seconds, really. >> the two budgets have eviscerated all the things the middle class cares about. it will mock 19 million people off of medicare and k
we have had four budgets, four trillion dollar deficits. we can't keep spending and borrowing like this. we can't be spending money we don't have. leaders run the problems and fix problems. president obama has not put a credible plan on the table in any of his four years to deal with the debt crisis. romney put ideas on the table. we have to tackle the crisis before it tackles us. we asked his budget office, can you see the plan? he gave us a copy of the speech. tell us what president obama's...
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will miss its deficit targets this year for leader of the u.k. and dependents party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about a stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but nationally deaths in the u.k. will have increased by fifty percent so i think we'll have an entirely false debate david cameron is calling the british public into thinking that he's actually really cutting back at the levels of debt you know and it's not true i think that the david cameron and george osborne combination. together a coalition telling us they were going to deal with debt in this country they have absolutely failed to do so they haven't dealt with the deficit they haven't got growth coming back into the british economy a lot of the thing is a dramatic failure and unless things turn around that i think the conservative party is in for a really terrible res
will miss its deficit targets this year for leader of the u.k. and dependents party says david cameron's policies are not bringing any meaningful change to the recession ravaged economy. you know when david cameron talks about a stare as he what he fails to tell you is that we continue every year to run a massive budget deficit and by the end of his five years as prime minister but nationally deaths in the u.k. will have increased by fifty percent so i think we'll have an entirely false debate...
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is protected it confirms that we've had trillion dollar deficits the last four years should we trust the cvo numbers now it's like they conveniently pick and choose there doesn't need to the job truth is they don't exist i agree with s.e. i mean politico optically this looks good politically for the president's below eight percent it kind of takes it disarms a republican to say forty four straight months of unemployment above eight percent but really the numbers still suck i mean you've got your six which is still about fourteen percent these are all the wage jobs but this isn't because of barack obama i mean this is going to be there and don't forget also you know you think that this just suddenly happen from poor years that we're in this collapsing economy that there's no jobs through there is on this panel right now it's disingenuous to say that these job numbers are so disasters of the over that the president cooked the books on these the job numbers are fairly clear but the thing is is that if you look at obama's mindset between two thousand and eight obama and two thousand and
is protected it confirms that we've had trillion dollar deficits the last four years should we trust the cvo numbers now it's like they conveniently pick and choose there doesn't need to the job truth is they don't exist i agree with s.e. i mean politico optically this looks good politically for the president's below eight percent it kind of takes it disarms a republican to say forty four straight months of unemployment above eight percent but really the numbers still suck i mean you've got...